INDIA OIL BILL
April 1st, 2003
BY SWINEETHA DIAS WICKRAMANAYAKA
THE IRAQ war and related global instability forcing up oil prices have helped increase India's oil import bill for the year to March to IND Rupees 840 billion (US$17.5 billion), said national oil minister Ram Naik. He added that the country had diversified its oil supply sources before the conflict, reversing a previous reliance on Kuwait.
THE IRAQ war and related global instability forcing up oil prices have helped increase India's oil import bill for the year to March to IND Rupees 840 billion (US$17.5 billion), said national oil minister Ram Naik. He added that the country had diversified its oil supply sources before the conflict, reversing a previous reliance on Kuwait.
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